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Wireless

Hutchison opposes more concessions for Orange Austria deal

Tuesday 25 September 2012 | 11:03 CET | News
Hutchison Whampoa, parent of Hutchison 3G Austria (3 Austria), sees little scope for more concessions to secure EC approval for its proposed EUR 1.3 billion takeover of Orange Austria, Reuters reports. The company has already agreed to give rivals access to its network at cost price. The EC has expressed concerns about the merger because it will reduce the number of mobile network operators in Austria from four to three, which it fears will limit consumer choice. Hutchison insists that Austria is a special case as the combined network's market share would still be less than 25 percent. 3

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Categories: Mobile & Wireless
Companies: 3 Austria / Hutchison Whampoa / Orange Austria
Countries: Austria / Europe
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